APTN National NewsIGLOOLIK — Local RCMP have shot and killed a man at his residence in Igloolik, Nunavut.RCMP have said in a statement that they were “checking the well-being” of a man at his home when he advanced toward officers wielding a weapon and uttering threats. During the confrontation, he was shot by an RCMP officer, and later died of his injuries at the local health centre.The nature of the weapon the man was holding is unclear.RCMP said that an investigation will be launched into the incident, and that the Major Crimes Unit is en route from Iqaluit to secure the scene. They also say that it is “too early at this point” to determine what set off the confrontation.An officer sustained non-life-threatening injuries at the scene.
Jorge Barrera APTN National NewsThe Grand Chief of Treaty 6 in Alberta is calling for an independent investigator to review the RCMP’s data on murdered and missing Indigenous women in response to a decision by the Mounties to back a claim by Aboriginal Affairs Minister Bernard Valcourt that Indigenous perpetrators are responsible for 70 per cent of the solved murders of Indigenous women.During a press conference in Edmonton Friday, Treaty 6 Grand Chief Bernice Martial said the RCMP’s decision to back the 70 per cent statistic has created the need for an independent review of the data on murdered and missing Indigenous women held by the RCMP.“We demand an independent investigator to collect all information and data of missing and murdered Indigenous women held by Statistics Canada and the RCMP,” said Martial, during the Edmonton press conference. “More questions have been raised than answered. We demand answers now.”On Thursday, Status of Women Minister Kellie Leitch’s office released to the media a letter written by RCMP Commissioner Bob Paulson and addressed to Martial. In the letter, Paulson said “consolidated data” from about 300 police agencies produced the 70 per cent statistic.Paulson was responding to a letter from Martial who wrote the top Mountie asking for data to back up Valcourt’s claim. Valcourt mentioned the 70 per cent statistic during a closed-door meeting in Calgary last month which Martial attended.The RCMP initially refused to back Valcourt saying its “bias-free policing policy” prevented the federal force from releasing ethnically-based information on perpetrators. Paulson’s decision to confirm the statistic runs counter to the policy.APTN asked the RCMP to explain the decision to release that statistic. The RCMP did not respond.“Why did the RCMP, when for two weeks it stated that they have a bias-free policing policy…all of a sudden change their policy within this time frame?” said Martial.Assembly of First Nations National Chief Perry Bellegarde on Friday added his voice to the ongoing controversy and called on the RCMP and Valcourt to share all its information on murdered and missing Indigenous women with First Nations.“It is absolutely unacceptable that important information on a priority issue is being withheld from First Nations,” said Bellegarde, in a statement. “The federal government and the RCMP must immediately release all the information they have to First Nations so we can better understand the current situation and work together toward solutions.”Bellegarde said he would be writing the RCMP to formally request the information.The national chief also took aim at Valcourt for his initial decision to use the statistic to counter public inquiry calls from chiefs during the March Calgary meeting.“Blaming the victim is no longer an option,” said Bellegarde.Martial has called for Valcourt’s resignation.It seems unlikely the RCMP would be willing to release all the information it gathered as part of its project on murdered and missing Indigenous women. While the RCMP released a report last spring and plans to release a second report in May, Paulson said in the letter existing agreements prevented it from releasing all its raw data.Paulson said the RCMP obtained data from Statistics Canada and individual police agencies across the country through signed agreements it would not be disclosing the raw information publicly.As part of its massive project to get a statistical handle on the high number of murdered and missing Indigenous women across the country, the RCMP obtained Statistic Canada’s annual homicide surveys ranging from1980 and 2012. In order to receive the information, the RCMP signed a confidentiality agreement with Stats Can. The RCMP also signed agreements with police departments across the country to obtain their information.Stats Can’s information, however, did not have completely accurate data on whether perpetrators were Aboriginal or not. The RCMP filled in the gaps found in the data by going back to individual police departments and manually reviewing the files.“The RCMP is currently the source of the most complete information on the Aboriginal identity of the accused,” said Stats Can in a statement.For the first time this coming December, Stats Can’s annual homicide survey will include the “Aboriginal identity” of victims and perpetrators.University of Ottawa criminology professor Ronald Melchers said the 70 per cent statistic that is causing so much controversy is likely accurate.“It is very consistent with everything I know,” said Melchers, who has extensive experience studying the intersection between criminal justice statistics and public policy. “A lot of people are saying we don’t know this, or we don’t know that, but we do know this very well.”Melchers said the RCMP was put in a complicated spot when Valcourt’s musings leaked into the public domain.“They did not want to do it, it violates their internal policy,” he said. “But they were forced into it…they did an assessment of what was the public interest, and the public interest was to release the information.”firstname.lastname@example.org@JorgeBarrera
The app’s content is fed from Trusts & Estates and Wealthmanagement.com, but a growing aggregated content feed curated by editors is also part of the model. Right now, there are about 70 sources contributing to that feed. The app’s four content buckets—original, sponsored, curated and app-exclusive—are dog-eared with a label indicating its source for easy identification, says Bimblick.Existing subscribers to Trusts & Estates and/or Wealthmanagement.com do not get the app for free. “There is an upcharge,” says Bimblick, which varies according to subscriber status. Wealthmanagement.com was launched in June as a parent site to the Trusts & Estates and Rep. brands. More on this topic Penton Launches New Wealth Management Website Digital Edition Briefs | 9.28.11 Digital Edition Briefs | 8.24.11 Penton Reorganizes into ‘Market-Focused’ Groups Content Marketing Institute Launches Content Marketing Channel Next American City to Relaunch Site, Debut Long-Form E-SinglesJust In BabyCenter Sold to Ziff Davis Parent J2 Media | News & Notes Editor & Publisher Magazine Sold to Digital Media Consultant Bonnier Corp. Terminates Editor-in-Chief for Ethics Breach TIME Names New Sales, Marketing Leads | People on the Move Shanker Out, Litterick In as CEO of EnsembleIQ The Atlantic Names New Global Marketing Head | People on the MovePowered by Penton has just launched a new app called Trusts & Estates Plus that targets subscribers of the magazine of the same name, as well as the company’s new Wealthmanagement.com site. The app will cost $329 per year for new subscribers, which also provides access to Wealthmanagement.com and other digital products.The potential audience is a small, but highly specialized one, says Warren Bimblick, Penton’s senior vice president, strategy and business development. Trusts & Estates has about 10,000 subscribers and including the audience using Wealthmanagement.com, the total potential universe grows to about 25,000. The app will not include any advertising, but content channels can be sponsored with a static logo. Marketers can also contribute sponsored content to the app, such as whitepapers. An email that’s pushed periodically to subscribers to alert them of new content updates can also be sponsored, says Bimblick.
×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 Spotify is giving its premium experience on iOS and Android a new look: The company started to roll out changes to its mobile apps with a new focus on recommendations, discovery and artist radios Thursday.The company said in a blog post that it streamlined the navigation of its mobile apps to give users quicker access to personalized recommendations. This includes paring down the options in its main menu bar from five to just three: home, search and your library.Spotify also revamped the app’s search page, which now prominently features a user’s favorite genres, as well as direct access to radio stations, playlists, podcasts and more.Finally, Spotify also introduced new endless artist radio playlists. “These offer an endless listening stream personalized to the listener’s own musical tastes,” the company said. “They’re updated regularly to keep things fresh—and what’s more, they’re even downloadable and available to play while offline.“Spotify rolled out a new user interface for its ad-supported tier on mobile earlier this year. The company has said in the past that the majority of its listening happens on mobile, and disclosed in its IPO filing earlier this year that it now makes around 50% of its ad revenue on mobile platforms. Popular on Variety
Falling short of winter wear and have an office party to attend? A great mix of summer and winter wear can ease your dressing woes in the winter season.Here are five ways to glamourise your summer outfit for the winter season:Floral summer dress: A cute floral summer dress can go great lengths when paired with the right accessories. Heels can glamorise any outfit, so team your favourite pair of black pumps with your summer dress. Another way of turning a summer dress into a party outfit is by slapping on a black blazer and head to your office party in style. Also Read – Add new books to your shelfPlain sheath dress: Do you have any plain dress in your wardrobe? It could be a plain black shirt dress or a plain dress in any colour. You can add glamour to this by either sporting a sequined clutch and high gladiator heels or mules. This look is sporty, chic yet glamorous.A logo shirt: Who would’ve thought wearing a simple logo shirt can make a fun party outfit? Pair the logo t-shirt with a high waist leather skirt. This look is grungey and can make a perfect festive outfit when completed with a pair of black pumps. A pair of studded earrings adds that extra bit of oomph.Playsuits: Playsuits are another great option to turn into party wear. Pull out any solid colored playsuit as they’re flirty and fun, just about perfect for any night out. They’re comfortable yet glamorous and look great the way they are. Pair heels along chunky bracelets and earrings to go with them.
El Segundo, California – Reported by Elite Traveler, the Private Jet Lifestyle Magazine.Luxury travel company Travcoa has announced the August 20, 2011 departure of their Grand Safari with Kenya & Tanzania as the company’s annual President’s Journey. Led by company president Jerre Fuqua and professional Travel Director-photographer Kymri Wilt, the 15-day, small-group, luxury African safari is set to explore the legendary game parks of Kenya and Tanzania using light aircraft to fly between safari experiences.Highlights of the Travcoa safari through East Africa will include Nairobi, Amboseli National Park and the Masai Mara in Kenya, and Arusha, Ngorongoro Crater and the Serengeti in Tanzania. The President’s Journey Grand Safari is limited to a maximum of 18 guests and will be escorted by Travcoa Travel Director, Kymri Wilt, working in combination with expert local guides. Wilt is a professional photographer and will be available to all guests, regardless of photography skill level, for tips on photo technique and equipment use.www.travcoa.com/grandsafari Accommodations throughout the Grand Safari are in boutique lodges such as Arusha Coffee Lodge, The Manor at Ngorongoro Crater and small, luxury, tented camps in private locations including Serengeti Migration Camp and Governors’ Il Moran camp in Kenya’s Masai Mara. Il Moran’s strategic location at the Mara River maximizes the opportunity for President’s Journey guests to witness the annual river crossing during the migration of over 1.4 million wildebeest and 200,000 zebra into Kenya each year. The East Africa wildebeest migration is widely regarded as one of the greatest wildlife spectacles on Earth.Other highlights of the all-inclusive luxury safari include scenic flights between itinerary stops; a lavish picnic lunch set deep in Tanzania’s Ngorongoro crater complete with a private chef, waiters, linens and crystal; an early morning hot air balloon excursion over Kenya’s Masai Mara followed by a Champaign brunch; and a visit to the Sheldrick Trust’s Elephant and Rhino Nursery outside Nairobi in order to interact with orphaned infant elephants and their keepers. Each booking on the Grand Safari will receive a one-year sponsorship of an orphaned infant elephant courtesy of Travcoa.www.travcoa.com/SheldrickTrust In addition to a dedicated Travcoa Travel Director and top safari guides, the all-inclusive Grand Safari features all ground transportation, hot air ballooning, all meals including evening “sundowners” and memorable dinners in the bush. Several other very special events are planned for the President’s Journey departure in August. Price for the 2011 Grand Safari is $10,990 per person based on double occupancy, plus $1,790 for intra-tour air.www.travcoa.com/africa
Richard Ayre has bee re-appointed to serve a further four years on the BBC Trust.Ayre’s new term will run from August 1 2014 to July 31 2018. Currently chair of the complaints and appeals board, he will also become chair of the editorial standards board when Alison Hastings’ term ends in October.Ayre (pictured) recently led the service review of BBC News and Current Affairs.“To remain the nation’s leading broadcaster, the BBC must maintain its reputation for truth, accuracy, impartiality, and fairness. But it also has to make lively, courageous, and challenging programmes,” said Ayre.“The Trust will protect the BBC’s independence to do so, but we will also hold it publicly to account when audiences are let down, and we will do both without fear or favour.”Separately, acting BBC Trust chairman Diane Coyle has lodged an application to replace former chairman Chris Patten full time in the role just ahead of the deadline for candidates to announce themselves.According to the Guardian, Coyle, who took the helm at the Trust after Patten stepped down to undergo heart surgery in May, has decided to apply for the job. Coyle is a former member of the Competition Commission and Independent economics editor, runs consultancy Enlightenment Economics.
Sky has invested US$6 million (€5.5 million) in US-based sports streaming service fuboTV, in its latest move to back “innovative start-up companies”.Launched in January 2015, fuboTV offers a premium, over-the-top bundle of sports TV channels and claims to be the second-largest aggregator of linear OTT sports content in the US.The company has US distribution deals with Univision Networks, beIN SPORTS, GolTV and Benfica TV, which hold sports rights including live football matches from a number of international leagues and tournaments such as Italy’s Serie A.FuboTV offers content in English, Spanish and Portuguese via online platforms, including Roku, Chromecast, Apple TV, iOS and Android devices and web browsers.“We’re excited to be investing in fuboTV, at a time when our customers are looking to consume more and more content, whenever and wherever they are,” said Sky’s director of corporate development and strategic investments, Emma Lloyd.“This investment will provide Sky with real insight, and we look forward to working with the fuboTV team as they continue to explore new opportunities for growth.”David Gandler, co-founder and CEO of fuboTV, said that Sky’s investment “strongly positions fuboTV to meet the demands of the ever evolving sports rights ecosystem” and demonstrates the service’s potential to “become leaders among linear OTT services”.The US$6 million backing is part of fuboTV’s Series B round and follows Sky’s recent investments in sports marketing company InCrowd Sports, programmatic advertising company DataXu and OTT video company TV4 Entertainment.Sky has previously invested in a number of other pioneering U.S. technology companies, including the leading online sports network Whistle Sports, IP streaming service provider Roku and cinematic virtual reality company Jaunt.In October 2014, Sky also invested US$7 million (€5.5 million) in Whistle Sports, a US-based startup that runs sports-themed YouTube networks.
In This Issue… * Risk assets healing is wiped out… * Euro and A$ lead currencies lower… * Gold can’t find a bid… * Chinese renminbi takes baby steps lower… And, Now, Today’s Pfennig For Your Thoughts! A Full-On Risk Aversion Day… Good day… And a Marvelous Monday to you! Well… ding dong me, I forgot that I said I was going to write from home on Mondays, that is until I was ½ -way to work… UGH! Oh well, I’m here in the sauna, so let’s get to what’s on my mind today, no wait, you probably don’t want to know what’s on MY mind, but rather what’s going on in the world… So, here we go! On Friday, I left you with the thought that the risk assets, were attempting to heal from Thursday’s bloodletting… There was no U.S. data to swing the traders one way or the other, so, it appeared that the week would end with some healing in the risk assets… But, that appearance didn’t last long, and soon the small gains that had been booked were wiped out… But still, no major sell off like on Thursday, so at least the risk assets had that going for them! This morning, we have more selling going on… The currencies led by the euro and Aussie dollar (A$), are both down significantly, and Gold just can’t seem to find a bid these days. The S&P futures are down early this morning too… So, at this point of the day, it appears that we’ll see a down day, a day of risk aversion, and weaker values. We went into Friday, with the thought that 4 of the largest economies in the Eurozone, were going to send their leaders to a meeting in Rome to work on a plan that would be presented at the European Summit this coming weekend… Well, I don’t know if the Eurozone leaders took my suggestion of coming up with a blueprint on how they will address this debt debacle as a whole, and stop the putting out fires one at a time… I guess we won’t find that out until this next weekend… I sure hope they did, otherwise, I feel that the Eurozone and euro will be in for a world of hurt… In Germany, they did announce that German Chancellor, Angela Merkel, had agreed to underwrite the debt of Germany’s 16 states, which is a form of burden-sharing, and will be called “Deutschland Bonds”, which will give Germany two tiers of bonds… straight Gov’t. bonds, and these new “Deutschland Bonds”… So, what does that have to do with the Eurozone as a whole? Well… what’s good for the goose is also good for the gander, right? So, if Merkel will agree to sharing debt burden within Germany, then why not for the Eurozone? Well… If I were Angela Merkel, I would be very concerned about joint debt sales in the 17-nation currency union, as long as budgets are set by the national governments… In fact, German Finance Minister, Wolfgang Schaeuble, said it all, when he told reporters that, “as long as the national states make the decisions, they have to be liable. If you can spend money on my tab, you won’t be thrifty.” And doesn’t that make sense? Now switch gears, and come across the pond to the U.S. The U.S. Gov’t makes the budgets, and they spend our money… not theirs… which means they don’t have to be thrifty, right? But, apparently this just doesn’t occur or appear in the thought box above a trader’s head that what’s going on in the U.S. is more absurd than what’s going on in the Eurozone. Well… there are two reasons we get away with it folks… the first and biggest reason is the fact that the U.S. dollar is still the reserve currency of the world, and the second reason is that most people in the U.S. don’t give a rat’s tail about how much debt the U.S. has, or worry about how that it will get paid down, or worry about the tax burdens their kids and grandkids are going to have to deal with… Of course, that’s not you, dear readers, but think of yourself as the “minority” when it comes to awareness of this situation here in the U.S. They know all about Greece… Because the media makes a big deal out of a country which has the economy about the size of the economy of the Dallas-Ft. Worth area, and that New York City’s economy is larger than Greece’s… When I go out on the road to talk to people, you would be amazed at the number of people that 1. Don’t know the consequences of these debt burdens here in the U.S., 2. Don’t know that the dollar, even though it’s in rally mode now, has lost a major chunk of its purchasing power, and 3. Don’t know that they can do something to protect themselves from the potential further declines of the dollar… But, as I’ve said… take the Pfennig Readers, and the people I talk to while out on the road, and it’s still a small group, when compared to the U.S. population as a whole… Speaking of a country with debt… Over in Japan, they are set to pass a consumption tax hike bill… This would be a brand spanking new tax on the Japanese people… So, this illustrates what I was just talking about regarding the tax burdens on our grandkids… So, here, in the land of Debt, they will pass a new tax to help pay for Gov’t debt… But… here’s something to think about regarding Japan’s economy… The new tax, if passed this week, will go into effect in 2014… So… don’t you think that the Japanese economy could get boost from consumers rushing out to buy before this tax gets implemented? So, short-term, it could be a good thing… long-term, it’s not such a good thing… I saw a story headline on the Bloomberg this morning that caught my eye… The title: Central Banks Commit to Ease as Threat of Lost Decades Rises… So, if you’re like me, that title intrigued you, and you’ll read on… according to the Bloomberg, “Central Bankers are finding it easier to support their economies than to spur expansion as the prospect of Japanese – like lost decades looms across the developed world.” OK.. Chuck again here… Now, I’ve said that the U.S. was turning Japanese for almost a decade now… and every time the U.S. implements another form of stimulus, and keeps their interest rates near zero, they play right into the Japanese lost decades scenario… Peter Dixon, the global equities economist at Commerzbank, said, “Japan’s experience shows central banks can mitigate the worst effects of the current environment, but it’s going to be very hard for them to stimulate demand.” I think the Fed Heads are finding that to be very true… So… why meddle in the first place? If a country’s economy needs to clean out the excesses then let it! Part of our financial meltdown problem is the fact that the Fed had to meddle in recessions that we the U.S. economy was supposed to experience going back to 2001… Eventually, these problems build up and then spill out… that’s exactly what has happened… the more you meddle, the bigger the problem down the road. Just ask Japan! So… the U.S. data cupboard gets restocked this week, but, for the most part, I believe that the focus will be on the European Summit that will begin on Thursday. But, for those of you keeping score at home… Today we’ll see New Home Sales for May, which should remain about the size of April’s 343,000. Another regional manufacturing report, this time from Dallas. Tomorrow, the S&P/ CaseShiller Home Price Index, and Consumer Confidence. As we go along this week, there will be more, but no sense in talking about them now… But, keep in mind the mantra that has been taken on by the traders once again, and that is… the dollar gets rewarded for awful / weak data in the U.S. strange as it might seem, that’s what’s happening! Well.. I said above that Gold just can’t seem to find a bid lately… and that about says it all! The past few months have really been a test of convictions for Gold owners… I don’t know this to be true, it’s just my opinion, but I would have to think that given the currency debasement going on all over the world, that investors will be seeking out Gold as a store of wealth… It’s just going to take some time, as it will take some time for the sheeple to realize what their Government has been doing to the purchasing power of their currency… And China continues to allow the renminbi to weaken VS the dollar… by small amounts, yes, but still.. this has to be the longest they’ve gone in this direction since 2008… In fact the BRICS are all performing very badly these days… Something I did not foresee a few years ago… These countries had everything going for them… Then There Was This… are you ready to scream at the walls? I just returned from a trip to the wall… Here’s a story that was in the Washington Post this past weekend… enjoy… “One-hundred-thirty members of Congress or their families have traded stocks collectively worth hundreds of millions of dollars in companies lobbying on bills that came before their committees, a practice that is permitted under current ethics rules, a Washington Post analysis has found. The lawmakers bought and sold a total of between $85 million and $218 million in 323 companies registered to lobby on legislation that appeared before them, according to an examination of all 45,000 individual congressional stock transactions contained in computerized financial disclosure data from 2007 to 2010. Almost one in every eight trades — 5,531 — intersected with legislation.” Chuck again… Did you walk away for a moment to visit a wall nearby? To recap… The healing of the risk assets faded on Friday, and an all-out risk aversion is going on this morning, led by the euro and A$… The Eurozone leaders of the 4 largest economies met to hopefully lay out a blueprint to present to the Eurozone Summit attendees this coming weekend… I say hopefully, because if they don’t, The Eurozone and euro are in for a world of hurt… Currencies today 6/25/12… American Style: A$ $1.00, kiwi .7860, C$ .9715, euro 1.2480, sterling 1.5548, Swiss $1.0390, … European Style: rand 8.4565, krone 6.00, SEK 7.0610, forint 230.25, zloty 3.4150, koruna 20.6415, RUB 33.19, yen 79.85, sing 1.2835, HKD 7.7590, INR 57.07, China 6.3630, pesos 13.92, BRL 2.0650, Dollar Index 82.57, Oil $79.18, 10-year 1.63%, Silver $26.73, and Gold… $1,568.10 That’s it for today… A great weekend for my beloved Cardinals… I watched the game on Saturday and couldn’t believe all the red in the stands at the K.C. stadium! WOW! Of course, about 5 years ago, we took Alex to K.C. for a Cardinals’ game, but to see it on TV, that was impressive, Cardinals fans! Penalty kicks? You decide the winner of a game that will decide the European Champion by Penalty Kicks? I like soccer, I played a lot of soccer as a young man, as I grew up in South St. Louis, the soccer capital of the U.S. But, the sport will always lack fans in the U.S. as long as an important game is decided by Penalty Kicks… And with that… I had better stop, and get this out the door… Thank you for reading the Pfennig, and I hope you have a Marvelous Monday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.com
The primary unit of time measurement for high-frequency traders might be the microsecond, but for normal retail traders, it’s vital to know the best months, days, and even half-hours of the day to make market transactions. Consider Black Friday, the most active shopping day of the year. Let’s say a 60”, 1080p plasma HDTV normally goes for around $900 but on Black Friday is discounted to $500. That’s a 44 percent savings. If you had a desire to own this TV and were somehow guaranteed a way to bypass the rabid mobs, you’d be careless to spend $900 on it the day before. Likewise, you’d be at a disadvantage to buy or sell a security without first conducting some level of research to determine the optimal time, statistically speaking, to make a transaction. At the very least, you should know when not to make a transaction. Fortunately, much of this research has already been conducted. My friend Jeffrey Hirsch, following in the footsteps of his late father Yale Hirsch, has for years edited the invaluable Stock Trader’s Almanac, which is updated annually. The book is notable for finding reliable patterns in market trends and behavior, on both the macro and micro scale. It also gave birth to such well-known investing adages as “Sell in May and Go Away” and the “January Barometer.” 07/09/2010 5.28% 10/03/2008 -4.84% What’s interesting here is that, even though September is historically the worst month in which to trade, it had three of the best weeks and only one of the worst weeks. Conversely, December, one of the best months in which to trade, had only two of the best weeks. No week in December fell in the “worst” category, however. Days: Which day is the best to buy? Which day is the best to sell? That depends on whether we’re talking about days of the week, days of the month, or days preceding or following holidays—there are innumerable contexts and implications to consider, all of which have already been carefully studied and scrutinized by Yale and Jeffrey Hirsch. According to Hirsch, the best day to trade was once the last trading day of the month, followed by the first four trading days of the next month. Front-runners who noticed and took advantage of this trend, however, changed that, and a shift occurred in 1982. Since then, the strongest days tend to fall on the ninth, tenth, and eleventh trading days of the month. In the chart below, you can see what Hirsch’s research says are the days of the week when the greatest likelihood that performance will rise in the Dow will occur. Between 2008 and 2014, Mondays have been the weakest, rising less than 50 percent of the time—the only trading day to fall more than it rises, in fact. 06/30/2011 4.02% 01/18/2008 -4.02% 06/08/2012 3.59% 01/04/2008 -3.50% 03/13/2009 9.01% 01/24/2014 -3.52% 09/03/2010 4.33% 08/19/2011 -4.01% 11/28/2008 9.73% 08/05/2011 -5.75% Source: Stock Traders Almanac 2014, U.S. Global Investors 08/26/2011 4.32% 06/27/2008 -4.19% Again, these charts are imperfect and show only probability. Trading activity can fluctuate widely, especially prior to and after earnings and economic announcements. And there will always be the unforeseen event—a workers’ strike, a CEO’s termination or resignation, civil unrest—that shakes up the market. Now compare the TSX Venture and Market Vectors Junior Gold Miners ETF, both of which have their own DNAs of volatility, to the NASDAQ 100 ETF, which tracks the 100 largest and most active non-financial and international companies listed on the greater NASDAQ—in other words, blue-chip stocks. 10/14/2011 4.88% 11/25/2011 -4.78% 11/30/2011 7.25% 9/23/2011 -6.41% 09/16/2011 4.70% 07/29/2011 -4.24% 10/31/2008 11.29% 10/10/2008 -18.15% 03/27/2009 6.84% 05/23/2008 -3.91% What this shows is that, in August, September, and October, it’s time to “nibble” on stocks, as prices are dropping. In March, April, and May, it’s time to “trim.” As I said, the Dow has been improving slightly in September over the last few years. Its 20-year return has risen to -0.51 percent from its 50-year return of -0.77 percent. Theoretically, investing from November 1 through April 30 and then switching to fixed-income products for the rest of the year seems to be a safe and effective strategy. If you back-test this to 1950 with an initial $10,000 investment, you would have gained an estimated 6,740 percent. Investing the same $10,000 from May through October would have cost you $1,024. What a difference six months makes. I must stress, however, that this chart, and those that follow, shows only probability. Like a basketball bouncing down a rocky mountainside, nothing is certain, and actual behavior varies. Macro events such as presidential elections, midterm elections and changes in fiscal and monetary policy have a dramatic effect on the outcome of the market. For further data, check out the Almanac’s best and worst S&P 500 entry and exit dates, separated into the five best months (November through April, excluding February) and seven worst months (May through October, including February). Weeks: Below you can see the best and worst weeks of the Dow, ranging from 2008 to 2012. 12/20/2013 2.96% 02/20/2009 -6.17% 09/13/2013 3.04% 10/24/2008 -5.35% As a special case study, let’s focus just on the three days before and after a holiday, specifically Labor Day, which Americans recently celebrated. Historically, how does the market react to this particular day? The following chart tracks the historical 33-year performance of four major indexes three trading days before and after Labor Day. As you can see, investors tend to be bullish on the Friday preceding the weekend (-1) and bearish starting Tuesday, the first trading day of the week (+1). The NASDAQ does slightly better than the other three both before and after the holiday, leading into the rest of September. 10/28/2011 3.58% 11/21/2008 -5.31% 07/17/2009 7.33% 05/07/2010 -5.71% 01/31/2008 3.63% 06/20/2008 -3.78% There’s plenty more research on the best days on which to trade—and which to avoid—in The Stock Trader’s Almanac. Hours and Half-Hours: Canada is the largest natural resource market in the world. The TSX Venture Exchange, with a market capitalization of over $37 billion, represents approximately 2,250 small-cap companies, many of them in the mining and metals space. 11/23/2012 3.35% 11/14/2008 -4.99% Best 20 Weeks Worst 20 Weeks 12/23/2011 3.60% 05/18/2012 -3.52% With the TSX Venture, it’s generally smarter to sell rather than buy in the morning. Over the last two and a half years, this is when prices tend to be high. There’s heavy volatility as the market is reacting to what might have happened since the previous trading day’s closing bell. Unless you really know what you’re doing in this particular market, if you buy in the morning, you can often expect to see your shares sink as the day unfolds. The “safest” time to buy would be in the late afternoon. The market has cooled somewhat and traders are gauging where things might be headed. The challenge during this time, however, is that volume has dipped and, as a result, spreads have widened. A similar pattern emerges, a little like the shape of a waterslide, if you chart the intraday performance of the Market Vector Junior Gold Miners ETF, which gives investors exposure to small and intermediate gold and silver companies. Prices are highest in the morning, decrease throughout the afternoon, and then get a final boost starting around 3:00. Making a trade at 9:30, then, will have a vastly different outcome than making one at 1:30. Thirty-five years ago when I was just getting started in the investment business, I asked Yale how he managed to arrive at his findings. He told me that his background in music composition enabled him to “hear” melodies, if you will, in four-year presidential cycles, seasonal cycles, weekly cycles, and more. This interdisciplinary approach of combining music and finance should inspire all investors to leverage their own unique skills, talents, and backgrounds to seek patterns in the market that others might overlook. If you don’t already own a copy of the Stock Trader’s Almanac, I urge you to make a special trip to the bookstore. You can also visit the book’s website and sign up for a free seven-day trial. The site provides a wealth of helpful and fascinating information for investors to peruse. The Best Times to Trade Previously I discussed market patterns in four-year presidential cycles and seasonal cycles. But now let’s look at months and work our way down to half-hours of the trading day. Months: “Sell in May and Go Away” is more than a clever expression. The Stock Trader’s Almanac has over six decades’ worth of data to support the reliability of this strategy. Based on the S&P 500 Index’s monthly closing prices, November, December, and January are the best months for trading volume. Conversely, the worst-performing months of the year fall between May and October. Even though the Dow Jones Industrial Average has been up four of the past five Septembers, the ninth month has still been the worst-performing since 1950 for all of the major indexes and exchanges, including the Dow, S&P 500, NASDAQ, and Russell 1000 Index. 04/18/2008 4.25% 02/08/2008 -4.40% Week Ending % Change Week Ending % Change Best and Worst Weeks for the Dow Jones Industrial Average 2008 through 2014 Over the same timeframe as the previous indexes, the pattern here has almost reversed. Relative lows in the morning. Modest improvement throughout the trading day. You could, in this market, reasonably buy in the morning and sell in the afternoon. You don’t have to be as obsessed and intuitive with statistics and patterns as Yale or his son Jeffrey Hirsch, but it pays to participate. If there’s one thing I want to leave you with, it’s that research must be conducted on the market you’re planning to trade in before you enter. Click here for more info on Frank Holmes and U.S. Global Funds.
This Pays You 3X More Retirement Income Self-made millionaire reveals how investors could collect up to 3 times more income than traditional income investments. It’s from a storm proof investment that could keep you cash-rich for the rest of your life. Click here for all the details. — — Confessions of a Billionaire Broker (And why he left Wall Street…) Teeka Tiwari’s confidential connection – known only as the “Billionaire Broker” – discovered a controversial stock selection system when he worked in an investment bank on Wall Street. In a nearly 3-decade historical trial, his system produced an average gain of 2,418% over the top 150 plays held since 1990. That’s enough to turn $100 in each play into over $360,000. The Billionaire Broker will reveal his identity – and how you can take advantage of his stock selection system – on June 14th. Make sure you don’t miss it… Recommended Link Recommended Link • Silver is money… The word literally means “money” in dozens of languages. And that’s no accident.It has preserved wealth for centuries. And it’s survived every financial crisis imaginable.This makes silver an excellent store of value. It’s why we recommend owning it for the long haul.That said, we’re also speculators here at Casey Research. We love opportunities to make massive gains in short periods of time. We especially like to speculate on resources that other investors hate.And that’s the case with silver right now…• Sentiment towards silver is awful… We know this by looking at the Commitment of Traders (COT) report. This is a report issued by the Commodity Futures Trading Commission. It shows the positions major traders have taken in certain securities and commodities.In April, the COT report showed a net short position of 40,000 contracts by speculative traders. That’s an all-time high. This means that silver has never been more hated.Now, I know that might seem like a reason to avoid silver. But you must understand something.Trades often get crowded like this just before the trend changes. We saw that happen with the VIX earlier this year. In other words, extremely negative sentiment like this can be a contrarian buy signal.Not only that, all this negative sentiment could turn into buying power if silver starts rising. And that’s because traders don’t own a security when they short it. They borrow it. That said, they must buy that security they’ve shorted when they go to close their position.In other words, all these people who are shorting silver could soon be forced to buy silver if it rises enough. And that would act like rocket fuel for the price of silver.• In closing, silver may be on the verge of a massive “short squeeze”… So consider speculating on silver if you haven’t yet.You can do this by buying the iShares Silver Trust (SLV), which tracks the price of silver. That makes it an easy way to bet on higher silver prices.You could also bet on silver miners. These companies are leveraged to the price of silver, which means their shares would soar if silver makes a big move higher.Just remember that mining stocks are highly volatile, so treat them accordingly. Don’t bet more money than you can afford to lose. Use stop losses. And take profits along the way.Regards, Justin Spittler Cusco, Peru June 13, 2018P.S. Strategic Investor editor E.B. Tucker just uncovered another reason why silver’s set to rally. This is something you probably haven’t considered, so be sure to check out his brand-new video presentation on it right here.You’ll also discover how you can access E.B.’s top silver miner to take advantage of this opportunity. Click here to learn more.Reader MailbagToday, high praise for Doug Casey and his new book Totally Incorrect Volume 2:Justin, thanks so much for holding my copy of Totally Incorrect! Can’t wait to read it! Mr. Casey sounds like a REAL American man—too few of those around now! I am honored to have a “place on his list!” I already feel as if I spent an afternoon with my late father, and now I have more time! Again, thank you for your time and trouble. —Jean Doug’s new book is a must-read around our office. It’s Doug’s most controversial book yet… and you can get it for free. This book is not available anywhere else right now. Learn how to get your copy right here.If you have any questions or suggestions for the Dispatch, send them to us right here.In Case You Missed It…Why is it that some connected Wall Street insiders always seem to be in the right place at the right time just before a stock shoots up?They’re not lucky… or smart…Instead, they know something that the rest of us don’t… The man they’re calling the “Billionaire Broker” reveals the truth tomorrow night. Details here. By Justin Spittler, editor, Casey Daily DispatchImagine losing $4 million in the blink of an eye.It’s painful to even think about. But that’s how much money one trader lost earlier this year by making an all-or-nothing bet against volatility.He wasn’t alone. Countless traders made similar bets on low volatility, only to get smoked.If you’re a regular reader, you know what I’m talking about. If not, here’s a rundown…• Last year was the least volatile year ever for U.S. stocks… The markets were so calm that many investors were lulled to sleep. They threw caution to the wind. Some people even shorted (bet against) volatility.You can see why that was such a bad idea in the chart below. It shows the CBOE Volatility Index (VIX), or what most people call the “fear index.” This index measures how volatile investors expect the market to be over the next 30 days.This chart shows what the VIX has done over the past three years. When this index is high, it means traders expect a lot volatility. When it’s low, it means they’re less fearful. An extremely low reading can even mean that traders are complacent.You can see that the VIX was in a clear downtrend for years…That’s a long time… but nothing lasts forever.And as you can see, the VIX skyrocketed in January. This crushed traders who shorted volatility. At the same time, it rewarded traders who took the other side of this bet. And that’s why I wrote this essay…• A similar opportunity is staring us in the face right now… Only this time, it’s in the silver market.In a minute, I’ll show you how to set yourself up for major gains. But first, let me tell you why this is such a great speculative opportunity.The chart below shows the CBOE Silver ETF Volatility Index, which you can think of as the VIX for silver. It measures how volatile traders expect the silver market to be going forward.As you can see, the CBOE Silver ETF Volatility Index has been in steady decline since 2011. Last year was an especially calm year for the silver market.This is important because, as I showed you earlier, markets are often calmest just before explosive moves.In other words, silver could be on the cusp of something very big. Now, there’s no way to know if it will “break out” to the upside… or head lower.But my money is on the former.There are a couple reasons for this, which I’ll get to in a second. But let me address something important.
The rising level of carbon dioxide in the atmosphere means that crops are becoming less nutritious, and that change could lead to higher rates of malnutrition that predispose people to various diseases.That conclusion comes from an analysis published Tuesday in the journal PLOS Medicine, which also examined how the risk could be alleviated. In the end, cutting emissions, and not public health initiatives, may be the best response, according to the paper’s authors.Research has already shown that crops like wheat and rice produce lower levels of essential nutrients when exposed to higher levels of carbon dioxide, thanks to experiments that artificially increased CO2 concentrations in agricultural fields. While plants grew bigger, they also had lower concentrations of minerals like iron and zinc.Fewer nutrients in crops means fewer nutrients in food. People who don’t get enough of the right nutrients are more likely to get sick. For instance, kids who don’t get enough zinc are more likely to contract diseases like malaria, pneumonia and diarrhea.A multidisciplinary research team from Stanford put the puzzle pieces together and saw a potentially disturbing chain of events.”We expect nutrient deficiencies to really increase dramatically from higher carbon dioxide in the atmosphere,” says Dr. Sanjay Basu, assistant professor of medicine at Stanford University School of Medicine and one of the study’s authors. “In the long run, I think it’s likely to cause some chronic problems we haven’t prepared for.” But how many more people would get sick, and what could be done to keep that from happening?To answer this question, the researchers took the data we already know about carbon dioxide and crop nutrients and extended it to future CO2 concentrations. Atmospheric carbon dioxide concentrations are expected to rise from 400 parts per million to 550 ppm by 2050.Assuming people keep eating the same things, the researchers were able to predict how many more people would become nutrient-deficient as a result of their less nutritious diets. From there, the researchers then inferred changes in disease rates.The results suggest that rising CO2 will cost the world roughly 125 million disability-adjusted life years – which are roughly equivalent to a year of healthy life – because of higher rates of disease between now and 2050.That number can be hard to wrap your head around, but Dr. Samuel Myers, senior research scientist at Harvard T.H. Chan School of Public Health, says that it’s in line with previous estimates of “somewhere between 100-200 million people being pushed into risk of deficiency.” Myers has authored several papers on the effect of CO2 on crop nutrition but wasn’t involved in this study.Most of the people affected would be in areas prone to malnutrition in Southeast Asia and Africa. Developed regions, such as Europe and North America, are unlikely to be heavily affected.Next, the researchers simulated what would happen if countries took steps to mitigate the threat, such as reducing CO2 emissions in line with the Paris Agreement on climate, or passing out zinc pills to affected populations.The researchers found that roughly half of the added disease burden could be avoided if CO2 levels were cut to levels stipulated by the Paris Agreement—480 ppm. But public health initiatives, like iron distribution or malaria mitigation, would only reduce the problem by a 20 percent.”Some of the climate change mitigation policies might be even more effective than public health measures to help avert this problem,” states Basu.Mathematical biologist Irakli Loladze, an associate professor at the Bryan College of Health Sciences in Lincoln, Neb., says that this is the study’s most important finding.”The novel part is their estimate for the effects of various interventions,” Loladze explains. “What’s interesting is that interventions such as zinc or iron supplementation actually have little effect.”Although it’s tempting to believe that nutrient deficiencies are easily solved, Loladze points out it’s often difficult. “Many will often say, ‘Hey, let’s just do supplementation. Everybody will take a pill.’ Which of course is very naive thinking,” Loladze says.He cites iodine as an example. Iodine deficiency has been effectively treated in many places by adding iodine to food staples like salt. Still, hundreds of millions of people remain iodine deficient because their governments lack the money to implement such large-scale health programs.Other warn against taking the authors’ estimates of disease burden too literally. Predictive models are only as good as the numbers they use, and some of the estimates plugged into the model are murkier than others.”We don’t have highly accurate information about what everyone in the world is eating,” says Harvard’s Myers.Myers also highlights the difficulty of linking diet to nutrient deficiency, since the absorption of many nutrients – especially iron – is influenced by a variety of factors such as personal health and whether food contains iron-binding compounds that inhibit absorption. Still, Myers emphasizes that the numbers used in the study are the best we’ve got.A few things could happen to keep the predictions from coming true. Carbon dioxide emissions could be cut, and global diets could shift. Diets have changed dramatically in places like China, where more people are eating meat, a better source of iron than most plant-based foods. Additionally, Myers notes that some crop varieties appear resistant to the CO2-associated decrease in nutrition, and those varieties could provide the foundation for agricultural production in an increasingly CO2-rich atmosphere.The burden of addressing nutrient deficiency is not likely to fall on the people most responsible for the change. In the end, the study highlights how the habits of affluent countries trickle down to affect the world’s poor.”It’s the wealthy people in the world who are emitting lots of carbon dioxide,” Myers says. “Wealthy consumption patterns are putting the poorest, most vulnerable people in harm’s way.” Copyright 2018 NPR. To see more, visit http://www.npr.org/.
The Sackler family’s $1.3 million donation to the U.K.’s National Portrait Gallery will not go ahead as planned, as both sides say they’re concerned that allegations of opioid profiteering against the family could overshadow the gift and become a distraction. “It has become evident that recent reporting of allegations made against Sackler family members may cause this new donation to deflect the National Portrait Gallery from its important work,” a spokesperson for the Sackler Trust said. “The allegations against family members are vigorously denied,” the spokesperson’s statement said.The Sackler family owns Purdue Pharma, the company that has made billions of dollars off of OxyContin and is accused of pressuring doctors to prescribe the opioid while also misleading the public about its dangerous addictive qualities.”The Sacklers are major donors to museums, galleries and theaters in the U.S. and Europe,” NPR’s Elizabeth Blair reports. “Artists and activists are putting pressure on those institutions to stop taking their money.”Purdue Pharma has previously admitted to committing a felony and paid millions of dollars in fines, and it’s currently facing numerous lawsuits. But one suit in particular, from Massachusetts Attorney General Maura Healey, seeks to implicate eight members of the Sackler family, accusing them of trying to maximize their profits even as they knew the painkiller was causing deadly overdoses.Since December, the Massachusetts lawsuit has added new details about the allegations, portraying former Purdue Pharma Chairman and President Richard Sackler as being “obsessed with profits in Massachusetts and the rest of the country,” as member station WBUR reported in January. More revelations emerged after heavy redactions were lifted from Healey’s 274-page complaint last month, showing Purdue Pharma had hired a consulting firm to help its sale reps target “high-prescribing” doctors, as WBUR reported. The lawsuit says that between 2008 and 2016, the painkiller company paid Sackler family members more than $4 billion. In response to the suit, Purdue Pharma said Healey’s conclusions are wrong, and that the company is being used as a scapegoat for America’s opioid crisis.Oxycodone — the semi-synthetic opiate whose forms include OxyContin and other brand names — was the No. 1 cause of overdose deaths in 2011, in cases where at least one specific drug was mentioned. Since then, heroin and fentanyl have become the top overdose threats in the ongoing opioid crisis. But through at least 2016, oxycodone’s overdose rate also rose slightly, according to the Centers for Disease Control and Prevention.The Sackler family’s donation to the National Portrait Gallery in London has been in limbo since 2016, when the Sackler Trust presented it as a way to help pay for a construction project. Since then, the BBC reports, “The gallery had been mulling over whether to accept it.”The Sackler Trust and the National Portrait Gallery announced the gift’s withdrawal in a joint statement, with museum officials repeatedly saying the decision had come from the family. “We understand and support their decision not to proceed at this time with the donation,” National Portrait Gallery Chair David Ross said. A gallery spokesperson added: “We fully respect and support the Sackler family’s decision.” Copyright 2019 NPR. To see more, visit https://www.npr.org.
The airline aims to make travel safer for female passengers after two incidents of assault this winter. January 19, 2017 –shares Apply Now » Next Article Staff Writer. Covers leadership, media, technology and culture. Air India, the country’s national airline, announced this week that it will soon set aside two rows on every flight for women passengers who are traveling solo in an effort to combat harassment and sexual assault. The six seats located at the front of the planes will be offered for no additional fees.The move from the airline comes after two incidents this winter. In December, a male passenger groped a woman seated next to him on a flight from Mumbai to Newark. In January, a flight attendant reported a male passenger who exhibited similar inappropriate behavior towards her. Both men were arrested.Related: The Most and Least Reliable Airports and Airlines“We feel, as national carriers, it is our responsibility to enhance comfort level to female passengers. There are a lot of female passengers who travel alone with us and we will be blocking a few seats for them,” Air India general manager Meenakshi Malik told The Hindu.The airline is following the lead of other transportation providers in India, such as buses and trains that have created female-only spaces.In recent years, there have also been a proliferation of Indian startup ride services by and for women.In 2013, SheTaxi, a 24-hour, seven-day-a-week taxi service for women was launched in Kerala. At the beginning of last year, nearly 550 women in Mumbai got permits to be drivers of pink auto rickshaws made to safely transport female passengers. As of this fall, pink rickshaws were also available in Noida, a city about 16 miles from New Delhi. The only list that measures privately-held company performance across multiple dimensions—not just revenue. 2019 Entrepreneur 360 List Nina Zipkin Air India Creates Women-Only Space to Prevent Harassment 2 min read Add to Queue Image credit: Bloomberg | Getty Images Entrepreneur Staff Airlines
dispensaries.com A new study involving millions of medical records and analysis of patient outcomes has found that those who use marijuana have a better chance of surviving after being hospitalized with a heart attack.While researchers from the University of Colorado said further study is needed, they also wrote that they “would strongly suggest that marijuana use is associated with a significant decrease in in-hospital mortality” for those admitted with a heart attack.It’s yet another in a growing list of potential medical uses for cannabis that is being stymied, at least in the United States, by the continued illegal status of marijuana at the federal level and the lack of quality cannabis for research purposes.Related: Researchers Find People Who Use Cannabis Are More Motivated to ExerciseThe Impact of Heart DiseaseHow cannabis could impact heart health is a major area of study for researchers. That’s because heart disease accounts for about one in every three deaths in the United States, according to findings in research funded by the American Heart Association. Other eye-opening numbers from the research include:Every day, about 2,200 Americans die of cardiovascular disease. That’s one death every 40 seconds.To put it in perspective, more Americans die of heart diseases every year than those who die of cancer and Chronic Lower Respiratory Disease – combined.About 92.1 million American adults have some form of cardiovascular disease or are living with the after-effects of strokeThe costs associated with cardiovascular diseases and stroke are estimated at more than $316 billion, a number that considers health expenditures and lost productivity.With those kinds of numbers, it’s no surprise people take notice when a study finds that there is possibility a new treatment that can prevent death from heart attack.Related: Harvard, MIT Receive $9 Million Donation to Conduct Marijuana ResearchThe Study’s FindingsAcute Myocardial Infarctions (AMI) is the medical term used to describe a patient who has had a heart-related emergency. To understand how marijuana might impact those who experience an AMI, the University of Colorado researchers analyzed hospital records for 1,273,897 AMI patients. They then focused on the 3,854 among that group who admitted to marijuana use.They found that those who used marijuana had a decreased risk of:DeathShockHaving to have a balloon inserted into a blocked arteryOf the three, the first one obviously caught the researcher’s attention the most. “Perhaps the most striking finding of our study is that marijuana use prior to AMI was associated with decreased in-hospital mortality post AMI,” they wrote.They added that this finding actually keeps with what has been discovered in previous studies, citing a 2017 study led by researchers from the Atlanta Veterans Affairs Medical Center, Texas State University and Nassau University Medical Center in New York.The 2017 study found marijuana use did not increase the chance of mortality among those hospitalized with a heart attack. Those earlier researchers also had analyzed millions of patient hospital records.Follow dispensaries.com on Twitter to stay up to date on the latest cannabis news. Easy Search. Quality Finds. Your partner and digital portal for the cannabis community. Next Article May 21, 2019 Add to Queue Guest Writer Health How cannabis could impact heart health is a major area of study for researchers. –shares Image credit: katleho Seisa | Getty Images Free Green Entrepreneur App Opinions expressed by Entrepreneur contributors are their own. Study Finds Marijuana Users Have Better Chance of Surviving Heart Attack 3 min read Keep up with the latest trends and news in the cannabis industry with our free articles and videos, plus subscribe to the digital edition of Green Entrepreneur magazine. Download Our iOS App
Fitbit Sued by Investors Over Alleged Tracking Inaccuracies January 13, 2016 –shares Next Article Add to Queue 2019 Entrepreneur 360 List Legal Apply Now » 2 min read Image credit: Fitbit | Facebook The only list that measures privately-held company performance across multiple dimensions—not just revenue. Jeff John Roberts It’s going from bad to worse for Fitbit. Consumers last week sued the maker of fitness trackers over claimed inaccuracies in its heart rate monitor, prompting a sell-off of its shares. Now the company has a new headache.On Monday, an investor filed a class action suit against Fitbit in California over alleged “fraud on the market” and U.S. securities law violations.The lawsuit seeks compensation for anyone who purchased Fitbit shares during the company’s IPO last summer up until last week when stories about the allegedly inaccurate heart monitor hit the press. The complaint points to the stock’s fall of $1.20, or 5.8%, on January 6 to show the impact of the news.“As a result of Defendants’ false and/or misleading statements, Fitbit securities traded at inflated prices. However, after disclosure of Defendants’ false and/or misleading statements, Fitbit’s stock suffered a precipitous decline in market value, thereby causing significant losses and damages to Plaintiff and other Class members.”According to the complaint, Fitbit executives made “false and misleading” statements about the company’s heart monitor technology to the media and in regulatory filings. The technology has come under scrutiny in light of last week’s consumer complaint, which included allegations by a cardiologist that Fitbit’s heart monitor consistently posts inaccurate results.In response to questions last work from Fortune about the claimed inaccuracies, the company insisted its technology works as claimed, and vowed to fight the consumer lawsuit. As for the new investor case, a Fitbit spokesperson said:“We have reviewed the complaint and believe it is meritless. We intend to defend this case vigorously.”Such shareholder lawsuits alleging “fraud on the market” are not uncommon after companies take a public relations hit, and are typically settled quietly. You can read the complaint for yourself below.On Monday, Fitbit’s shared price dropped below its $20 IPO price for the first time since the company went public in July, hitting an all-time low of $18.50. It has since been nudging back towards $20.Fitbit Investor Class Action This story originally appeared on Fortune Magazine
The American Heart Association emphasizes the importance of assessing levels of physical activity, both in the clinic and within the workplace. They also highlight the need for physicians to objectively assess cardiorespiratory fitness (CRF), as current methods (patient questionnaires) are open to patient bias.Accurate and objective CRF assessments that are based on exercise tolerance are often expensive and require professional facilities and specialist staff to carry out.The new study led by Harvard University researchers suggests that a simple, free test based on push-up capacity could be a useful way to assess CRF.The study, which is the first of its kind, was carried out under the hypothesis that “higher fitness levels would be associated with lower rates of incident CVD.”The researchers used data from fitness tests from over 1,000 firemen in the US state of Indiana. Over a period of ten years, medical records were observed to measure the amount of cardiovascular disease diagnoses.Each participant undertook baseline and periodic physical exams that included push-up capacity and maximal or submaximal exercise tolerance tests between the years 2000 and 2007, with surveillance lasting until 2010.With an average age of 39.6 (the actual ages ranging from 21 to 66), the cohort also had an average body-mass index (BMI) of 28.7. Despite being occupationally active, the cohort’s BMI score of 28.7 put them in the overweight range.Out of 1,104 men, 37 experienced health problems related to CVD, including heart failure, sudden cardiac death, or receiving coronary artery disease diagnoses. The study claims “significant negative associations were found between increasing push-up capacity and CVD events.”Professor Jeremy Pearson stated “this study shows that fitter firefighters have less chance of suffering a heart attack or stroke in the next decade.”Whilst the results may not be revolutionary, the study highlights that ‘push-up tests’ could be a simple, universal, cost-effective way of predicting CVD, potentially with more accuracy than a treadmill based test.Senior author of the study and a specialist in cardiovascular disease Stefanos Kales said that “push-up capacity is positively correlated with aerobic capacity and physical fitness,” and that “these types of objective functional markers are generally good predictors of mortality”.It is important to note that this study dealt with only one group of people, and the study’s results may not be reflected in different groups of people. Other cohorts, such as women or people who are less active, would need to be tested to definitively prove this test’s findings. Source:Yang J., et al. Association Between Push-up Exercise Capacity and Future Cardiovascular Events Among Active Adult Men. JAMA Network Open. 15 February 2019. The narrowing of our arteries with fatty substances, which can eventually lead to heart attacks and strokes, starts early, often in our 20s and 30s. Keeping fit, no matter your age, is an important way to reduce your risk.”Professor Jeremy Pearson, Associate Medical Director, BHF By Lois Zoppi, BAFeb 18 2019Reviewed by Kate Anderton, B.Sc. (Editor)A new study has found a link between the number of push-ups a person is able to do and the risk of cardiovascular disease. The findings show that middle-aged men who are able to complete 10 push-ups could reduce their risk of heart attack and stroke by as much as 97 percent.g-stockstudio | ShutterstockCardiovascular disease (CVD) is the leading cause of death worldwide. It is well documented that smoking, hypertension, diabetes, and lack of physical activity are some of the main risk factors for developing CVD.
Source:https://ki.se/en/news/genetic-analysis-can-provide-better-dosage-of-antipsychotic-drugs Reviewed by James Ives, M.Psych. (Editor)Apr 16 2019An initial gene analysis may yield better outcomes when patients are treated with the antipsychotic drugs risperidone and aripiprazole. A novel study shows how the activity of a specific enzyme, which metabolizes the two drugs, affects the individual dose that should be given for optimal treatment. The study is published in The Lancet Psychiatry and has been conducted by researchers at Karolinska Institutet, in collaboration with the Diakonhjemmet Hospital in Oslo, Norway.The enzyme CYP2D6 metabolizes many different drugs in the body, including the antipsychotic drugs risperidone and aripiprazole. The activity of the enzyme differs widely in the population due to variations in the CYP2D6 gene.In collaboration with Espen Molden’s group at the Diakonhjemmet Hospital in Oslo, researchers at Karolinska Institutet have studied how CYP2D6 gene variants affect the treatment result in 2,622 patients with psychosis or schizophrenia receiving either risperidone or aripiprazole.Related StoriesGenetic contribution to distractibility helps explain procrastinationDoes genetic testing affect psychosocial health?Study: Treatment of psychosis can be targeted to specific genetic mutationThe results show that patients with low CYP2D6 enzyme activity were given the drugs at too high a dose, while patients with high enzyme activity were given the drugs at too low a dose. As a consequence, many of them switched medication.”In patients with too low or too high activity of the CYP2D6 enzyme, treatment failed to a larger extent, most likely due to side effects and lack of efficacy, respectively,” says Marin Jukic, researcher at the Department of Physiology and Pharmacology at Karolinska Institutet and the study’s first author.Compare dose changes”Interestingly, we found that without knowing which gene variant the patient had, the psychiatrists had in the main altered the dose based on the clinical outcome, and this correlated with the anticipated effects of the patient’s specific CYP2D6 genotype,” says Magnus Ingelman-Sundberg, Senior Professor at the same department at Karolinska Institutet and the study’s last author. “However, the dose changes were insufficient to avoid side effects or lack of effect. This is the first time we have been able to retrospectively compare dose changes during routine clinical treatment with the patient’s specific genotype.”The researchers believe that genotyping, i.e. the identification of the specific gene variant the patient carries, before initiation of risperidone or aripiprazole treatment, would result in much more effective treatment for millions of patients globally.”Further studies are now needed to test other psychoactive drugs in order to generate additional scientific evidence to support new recommendations in psychiatry,” says Magnus Ingelman-Sundberg. “Psychiatrists also need more education in this area.”In the early 1990s, Magnus Ingelman-Sundberg’s research group was the first in the world to show the presence of several variants of the CYP2D6 gene explaining why some people, the so-called ultra-rapid metabolizers, require higher drug doses than others.
If you can recognize structures around you while walking down a city street, you have your eyes to thank. Humans can automatically perceive 3-D structure in the world by identifying lines, shapes, symmetries and the patterns and relationships between them in things like buildings, sidewalks and everyday objects. But can a computer be taught to do the same? Credit: CC0 Public Domain Zihan Zhou, assistant professor of information sciences and technology at Penn State, is setting out to explore that question thanks to a recent grant from the National Science Foundation.”We want a computer to see 3-D space as humans do,” said Zhou. “This particular award and project is about structure perception, which has been largely ignored in 3-D vision. This is something that has not been done before.”Structure perception is the ability of a human’s eyes to organize data or patterns and group them in certain ways. For example, a human can look at a line drawing of a building and visualize doors, windows and walls.”There are many types of these relationships in the real world, and humans make use of those relationships to sense the 3-D space,” he said. “Human eyes can easily perceive these kinds of things. The question now is: Can the computer have the ability to sense these things as a human does?”To answer that question, Zhou plans to develop a new data-driven framework for structure discovery, leveraging the availability of massive visual data and recent advances in machine learning techniques.These techniques could then be applied to a wide spectrum of real-world computer vision problems, including 3-D modeling of urban environments, virtual and augmented reality, and autonomous driving. The research could also impact cognitive sciences, by suggesting new computational mechanisms for image understanding; and human-robot interaction, by enabling robots to reason in terms of geometric shape, physics and dynamics.”If a robot recognizes something as a specific type of structure, then it knows how to interact with it,” said Zhou. “For example, if a robot is able to recognize a structure with a flat top, it would know that it could put an object like a cup on it.”Additionally, the framework may impact the work of architects, designers and engineers.”If you think of those architects, they are working with 3-D models every day,” said Zhou. “If they build something, they first create line drawings. So if a computer can understand doors and windows in the drawings, it would be very useful for architectural design and engineering.”Zhou developed an interest in this topic while a graduate intern at Adobe. In his internship, he studied the relationship between camera motion and the environment, which could help the movie industry to analyze scenes.”I tried to extract some kinds of structures from the videos and the sequence of the camera,” he said. “At that point it was to analyze camera trajectory for the movie industry, but later we realized it was more systematic.”Now, at Penn State, Zhou hopes to leverage the interdisciplinary network to advance his work.”IST has people working in diverse areas, and many of them can be impacted by this kind of work,” he said. “This has generated a lot of interest in different areas. We are looking to extend this beyond and to find applications to make this more collaborative.””About 70 percent of information we obtain is from visual cues from our eyes,” he concluded. “Obviously we have areas like natural language processing to help understand speaking and sounds, but human vision is the dominating factor in how we understand this world. To make the computer see the world as we do is one of the most exciting areas in artificial intelligence and computer science.” Explore further Provided by Pennsylvania State University Researchers use AI to add 4-D effects to movies Citation: Helping computers to see 3-D structures (2018, November 30) retrieved 17 July 2019 from https://phys.org/news/2018-11-d.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.